# Industrial Development Funding LLC

> Industrial Development Funding LLC is an SEC-registered investment advisory firm in Miami Beach, FL, registered since 2018, reporting $500 million to $1 billion in regulatory assets under management in its Form ADV filing dated March 26, 2026.

- CRD: 298015
- Filed as: INDUSTRIAL DEVELOPMENT FUNDING LLC
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Miami Beach, FL
- Filing period: October 2026
- Form ADV filing dated: March 26, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/298015
- AdvisorCensus page: https://advisorcensus.com/firm/industrial-development-funding-llc-miami-beach-fl-298015

## Quick answers

**How is Industrial Development Funding LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Industrial Development Funding LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees; other. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Industrial Development Funding LLC located?**
Industrial Development Funding LLC's principal office is in Miami Beach, FL, according to its Form ADV; the April 2026 filing also lists 1 other office (Schedule D, Section 1.F).

**Is Industrial Development Funding LLC registered with the SEC or a state?**
Industrial Development Funding LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 298015.

**How much does Industrial Development Funding LLC manage?**
Industrial Development Funding LLC reports $624,006,774 in regulatory assets under management in its Form ADV filing dated March 26, 2026 (0% discretionary).

**How have Industrial Development Funding LLC's assets and staff changed since 2021?**
In the Form ADV data for Industrial Development Funding LLC: Regulatory assets under management: $865,519,572 in the October 2021 data and $624,006,774 in the October 2026 data, down 28%. Total employees: 4 in October 2021 and 5 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Industrial Development Funding LLC serve?**
By number of clients on Form ADV Item 5.D: banking or thrift institutions (7).

**Does Industrial Development Funding LLC report any disciplinary disclosures?**
Reports no disclosure items on Form ADV Item 11. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/298015

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees
- Other

### Regulatory assets under management (Item 5.F)
- Total: $624,006,774
- Discretionary: $0
- Non-discretionary: $624,006,774

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 7 | $624,006,774 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 0 | $0 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 2018 (8 years)
- Employees: 5 total, 1 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: FL
- Disclosures (Item 11): Reports no disclosure items on Form ADV Item 11.

### Other offices (Schedule D, Section 1.F), as of the April 2026 filing
- New York, NY

### Websites listed on Form ADV (Item 1.I)
- indevfunding.com
- LinkedIn @industrialdevelopmentfunding

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $865,519,572 | 4 | March 30, 2021 |
| October 2022 | $1,453,425,334 | 5 | March 24, 2022 |
| October 2023 | $731,772,387 | 3 | March 28, 2023 |
| October 2024 | $613,321,594 | 3 | June 26, 2024 |
| October 2025 | $657,106,774 | 4 | March 30, 2025 |
| October 2026 | $624,006,774 | 5 | March 26, 2026 |

Regulatory assets under management: $865,519,572 in the October 2021 data and $624,006,774 in the October 2026 data, down 28%.
Total employees: 4 in October 2021 and 5 in October 2026.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Industrial Development Funding LLC (CRD 298015): Form ADV filing data as of October 2026.